Tensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.Technologyread more
The one-to-eight stock split would mean the current number of ordinary shares — which stands at 4 billion — will increase to 32 billion. It comes ahead of a reported Hong Kong...Asia Marketsread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the...China Economyread more
The findings by McKinsey and Company come amid a year-long tariff fight between the U.S. and China, which has spilled into areas such as technology and security.China Economyread more
Microsoft's considerable reach into the corporate world isn't something Slack CEO Stewart Butterfield is very concerned about.Technologyread more
A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by...Livestockread more
In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Increasing trade protectionism around the globe is the biggest threat to global economic growth, Bank of Japan Governor Haruhiko Kuroda says.
"There [is] some sort of protectionism" around global trade, Kuroda told CNBC's Sara Eisen in an interview that aired Monday. "That is I think most serious risk involved in the global economy."
Kuroda's comments come as China and the U.S. try to strike a trade deal that would end an ongoing tariff war. The two sides appear to be closing in on a deal.
The Chinese made unprecedented proposals on forced technology transfers, a sticking point in the negotiations, Reuters reported earlier. Treasury Secretary Steven Mnuchin also said Sunday that the U.S. is open to facing penalties if it doesn't comply with an agreed-upon trade deal. However, Mnuchin also said Monday the two sides still have lots of work ahead of them.
Investors have been fretting over the possibility of a protracted trade war as it could hinder future corporate profits. The International Monetary Fund also cut its economic growth forecast for 2019 to 3.3% from 3.5%, with trade among the risks cited.
"By the way, [the] IMF world economic outlook main scenario does assume the U.S.-China trade conflict will not worsen," Kuroda said. If it worsens, it could lead to a different outlook for the global economy.
Still, Kuroda said the Chinese economy is "likely to recover in the second half" of 2019, highlighting the "huge fiscal stimulus measures the government has already decided."
Global equities have been on a tear lately, with the iShares MSCI ACWI ETF surging more than 15% in 2019. On top of getting a boost from the perceived progress in U.S.-China trade talks, stocks have benefited from a pivot away from tighter monetary policy from the major central banks.
But Kuroda said there may be more room for central-bank easing, although he added that looser policy is note needed right now.